Common use of Recapitalization or Reorganization Clause in Contracts

Recapitalization or Reorganization. Certain events affecting the Common Stock of the Company and mergers, consolidations and reorganizations affecting the Company may affect the number or type of securities deliverable upon exercise of the Option or limit the remaining term over which this Option may be exercised.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Marriott International Inc /Md/), Non Qualified Stock Option Agreement (Marriott International Inc /Md/), Employee Non Qualified Stock Option Agreement (Marriott International Inc /Md/)

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Recapitalization or Reorganization. Certain events affecting the Common Stock of the Company and mergers, consolidations and reorganizations affecting the Company may affect the number or type of securities deliverable upon exercise of the Option Options or limit the remaining term over which this Option these Options may be exercised.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Marriott International Inc /Md/), Agreement (Marriott International Inc /Md/), Employee Non Qualified Stock Option Agreement (Marriott International Inc /Md/)

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Recapitalization or Reorganization. Certain events affecting the Common Stock of the Company and mergers, consolidations and reorganizations affecting the Company may affect the number or type of securities deliverable upon exercise of the Option or limit the remaining term over which this Option may be exercisedhereunder.

Appears in 2 contracts

Samples: Director Stock Unit Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Director Stock Unit Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)

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